Encore Renaissance Resources Corp V.EZ

RE: RE: Sedars MD&A

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Bonaparte Mine - Kamloops, British Columbia

Bonaparte Mine - Kamloops, British Columbia

The Company has acquired an option to purchase a 60% interest in the Bonaparte Mine Property

located approximately 35 km north of Kamloops, British Columbia, for the payment of an

aggregate amount of 20 million shares and $7 million over the next 2 years in staged payments

and the incurring of expenditures to take the Property into production. On June 26, 2009, the

Company received TSX Venture Exchange approval on this transaction.

To exercise the options, the Company has the following obligations:

? Either the greater of $1,000,000 cash or 2,000,000 shares payable on or before the 2nd

anniversary;

? An additional $1,000,000 cash payable upon the commencement of Phase III (as defined

below); and,

? Up to an additional 20,000,000 Company shares paid as follows (subject to minimum

exploration expenditures being completed):

i. 5,000,000 shares payable within 5 days of this notice;

ii. 5,000,000 shares payable on or before the 2nd anniversary;

iii. 10,000,000 shares payable upon the commencement of Phase III.

In addition, the Company is required to complete aggregate exploration expenditures on the

Property within a three year period as follows:

i. $1,244,000 of exploration expenditures within the 1st year ('Phase I');

ii. $1,220,000 of exploration expenditures within the 2nd year ('Phase II'); and,

iii. All remaining work costs required to commence production on the Property ('Phase III').

On May 21, 2009, the Company paid $1,000,000 to BCT and on June 26, 2009, the Company

issued 5,000,000 shares with a deemed value of $350,000.

On January 4, 2010, the Company paid $5,000,000 cash to acquire the additional 15% interest of

Bonaparte, this payment was held in trust for regulatory approval.